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Stock impact report

Evian maker Danone defeats lawsuit over 'carbon neutral' claim [Yahoo! Finance]

DANONE S/ADR (DANOY) 
Company Research Source: Yahoo! Finance
neutral" claim on bottles, as a U.S. judge reversed his earlier ruling letting the proposed class action proceed. Consumers accused Danone of defrauding them into buying Evian, not knowing that its manufacturing process allowed the release of carbon dioxide into the atmosphere. U.S. District Judge Nelson Roman in White Plains, New York, had ruled on Jan. 10 that "carbon neutral" was ambiguous, and Danone expected "too much" for consumers to figure out what Evian labels meant. After Danone asked for reconsideration, Roman said in a decision on Thursday he now believed reasonable consumers would "look beyond the front label," which depicted mountains and said Evian was sourced from the French Alps, and check the back label. There, Danone provided a link to Evian's website, which provided a fuller explanation of carbon neutral's meaning. Danone's representations "are technically true and relevant disclosures are made available to consumers," Roman wrote. The plaintiffs, Steph Show less Read more
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